FY2025 Earnings Forecast for Iamgold Issued By Stifel Canada

Iamgold Corporation (NYSE:IAG) (TSE:IMG) – Equities research analysts at Stifel Canada lifted their FY2025 earnings per share (EPS) estimates for shares of Iamgold in a report issued on Monday, July 21st. Stifel Canada analyst I. Rico now forecasts that the mining company will post earnings per share of $0.76 for the year, up from their prior forecast of $0.68. The consensus estimate for Iamgold’s current full-year earnings is $0.67 per share. Stifel Canada also issued estimates for Iamgold’s FY2026 earnings at $0.95 EPS and FY2027 earnings at $0.75 EPS.

Iamgold (NYSE:IAG) (TSE:IMG) last posted its quarterly earnings data on Tuesday, May 6th. The mining company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. Iamgold had a return on equity of 9.26% and a net margin of 45.42%. The company had revenue of $457.23 million during the quarter, compared to analyst estimates of $578.70 million.

A number of other research analysts have also weighed in on IAG. BMO Capital Markets started coverage on Iamgold in a research report on Wednesday, April 16th. They set an “outperform” rating for the company. Raymond James Financial raised Iamgold to a “hold” rating and set a $8.00 price objective for the company in a research report on Monday, June 30th. CIBC reaffirmed an “outperform” rating on shares of Iamgold in a research report on Tuesday, July 15th. Scotiabank raised their price objective on Iamgold from $7.50 to $7.75 and gave the company a “sector perform” rating in a research report on Monday, May 12th. Finally, National Bankshares reissued an “outperform” rating on shares of Iamgold in a report on Tuesday, June 24th. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.53.

Iamgold Stock Down 3.0%

IAG stock opened at $7.07 on Thursday. Iamgold has a twelve month low of $3.44 and a twelve month high of $8.38. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.29. The firm has a market cap of $4.06 billion, a PE ratio of 5.01, a price-to-earnings-growth ratio of 0.34 and a beta of 1.15. The business has a 50 day moving average of $7.16 and a 200 day moving average of $6.58.

Institutional Trading of Iamgold

Several large investors have recently modified their holdings of IAG. Bank of New York Mellon Corp grew its holdings in shares of Iamgold by 12.7% in the fourth quarter. Bank of New York Mellon Corp now owns 35,046 shares of the mining company’s stock worth $181,000 after acquiring an additional 3,961 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Iamgold in the fourth quarter worth $107,000. American Century Companies Inc. grew its holdings in shares of Iamgold by 25.9% in the fourth quarter. American Century Companies Inc. now owns 10,162,314 shares of the mining company’s stock worth $52,499,000 after acquiring an additional 2,092,803 shares during the period. LPL Financial LLC lifted its position in Iamgold by 79.2% during the fourth quarter. LPL Financial LLC now owns 54,277 shares of the mining company’s stock valued at $280,000 after purchasing an additional 23,990 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Iamgold by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 21,232,871 shares of the mining company’s stock valued at $109,741,000 after purchasing an additional 321,458 shares in the last quarter. Institutional investors own 47.08% of the company’s stock.

About Iamgold

IAMGOLD Corporation, through its subsidiaries, operates as an intermediate gold producer and developer in Canada and Burkina Faso. It owns 100% interest in the Westwood project that covers an area of 1,925 hectare and located in Quebec; a 60% interest in the Côté gold project, which covers an area of 596 square kilometer located in Ontario, Canada; and a 90% interests in the Essakane project that covers an area of 274,000 square kilometer situated in Burkina Faso.